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Dynacor Files Management Materials to Vote Against the Dissident's Actions to Disrupt the Corporation's Positive Progress
Dynacor’s management information circular highlights record sales and earnings, the Corpor...
About this update from Dynacor Group Inc
[{"type":"text","content":"Dynacor Files Management Materials to Vote Against the Dissident’s Actions to Disrupt the Corporation’s Positive Progress\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwlistdisc { list-style-type: disc }\n.bwlistsquare { list-style-type: square }\n \n\n\n\n\n\n Dynacor’s management information circular highlights record sales and earnings, the Corporation’s robust financial position in 2024, and advanced international extension plans.\n \n\n\n\n Warns shareholders that a dissident shareholder, iolite Capital, seeks to elect an unqualified individual, who lacks industry knowledge and experience to Dynacor’s board.\n \n\n\n\n Dynacor urges its shareholders to vote AGAINST increasing the board size to nine and AGAINST the Dissident’s director nominee to Dynacor’s board using only the GOLD Proxy, well in advance of the proxy voting deadline at 5:00 p.m. on Friday April 11, 2025.\n \n\n\n\n Shareholders who have questions or need assistance voting can contact Dynacor’s proxy solicitation agent, Laurel Hill Advisory Group at 1-877-452-7184 or\n \n [email protected]\n \n .\n \n\n\n\n\n\n\n Dynacor Group Inc. (TSX: DNG) (“Dynacor” or the “Corporation”)\n \n announces that it has filed a management information circular (the “\n \n Circular\n \n ”) and related materials (the “\n \n Meeting Materials\n \n ”) in connection with a special meeting of shareholders (the “\n \n Requisitioned Meeting\n \n ”) called by iolite Partners Ltd.(“\n \n iolite\n \n ” or the “\n \n Dissident\n \n ”) scheduled for 10:00 a.m. (Eastern time) on Wednesday, April 16, 2025. The Dissident called the meeting to attempt to elect its founder and managing director, Robert Leitz (“\n \n Leitz\n \n ”) to Dynacor’s board. Leitz lacks the requisite skills and experience to serve as a director of the Corporation, and inexperienced additions to the Board are not needed.\n \n\n\n Dynacor’s Current Board Continues to Lead the Company Forward\n \n\n\n The current board of directors (the “\n \n Board\n \n ”), comprised of experienced and skilled individuals, is best positioned to guide the Corporation towards continued ...